Widening Economic Gap Between Generations in the US: Asset Growth for Seniors and Decline for Youth
PFG Principal Financial Group Inc
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View chart & analysis → - 1Ed Yardeni, President of Yardeni Research, describes the current economy as a G-shaped economy representing a generational gap.
- 2Between 2022 and 2025, the inflation-adjusted median net worth of households headed by those aged 75 or older increased by 37%.
- 3Between 2022 and 2025, the median net worth of households headed by those under age 35 decreased by 23%.
So what's the key point?
Wealth for older people in the US has increased, while wealth for younger people has decreased. This means the economic gap between generations is growing larger.
Source CNBC · View original ↗
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